Which of the Following Strategies Would Not Be Appropriate to Deal

question 3

Multiple Choice

Which of the following strategies would not be appropriate to deal with an identified risk to a project?

• A) Prevent it.
• B) Mitigate it.
• C) Accept it and hope the consequences will be minimal.
• D) Accept it and plan how best to live with it.
• E) Transfer it to another party (e.g. a contractor or insurance company).

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Definitions:

Economic Relationships

Describes the connections between individuals or entities based on the production, distribution, and consumption of goods and services.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his theories about capitalism and communism.

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Speech

The expression of thoughts and feelings through spoken language.